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M1 Finance

Financial portfolio management app

M1 Finance logo
201-500 employees
  • Fintech
  • B2C
  • Personal finance
  • SaaS
Chicago Loop, Chicago, IL

Company mission

To rethink what’s possible with personal finance.

-10% employee growth in 12 months

Our take

Managing your finances can be a job in and of itself - working out where to invest or when to use credit among other challenges. M1 sets out to make your life easier with its customizable, automated portfolio management app.

It operates as something between a robo-advisor and a brokerage, offering over 80 pre-prepared portfolios with a wide range of asset allocations. Users can choose a pre-existing template or build their own portfolio, and similarly, users take active control over investments or let M1 automate them. The app is completely free but offers a premium subscription service for those who want lower rates and more investment windows.

With over $6 billion in assets, M1 has grown significantly since 2020, almost tripling in size in three years and becoming a unicorn.

Steph headshot

Steph

Company Specialist at Welcome to the Jungle

Benefits

  • Unlimited PTO
  • Comprehensive health, dental, vision, disability, and life insurance
  • Stock options for all employees
  • Retirement benefit with employer match
  • $500 to spend on home office equipment while working from home
  • Stylish M1 swag
  • Office in the Loop with a Game Room and Gym

Company values

  • Mission Driven: Life is short—everyone should spend their waking hours on something they find meaningful. We believe improving people’s financial wellness improves lives. It’s a vital and worthy cause
  • Extreme Ownership: We think and act like owners. That means we’re responsible for the results to our clients, coworkers, and M1 shareholders. Our focus is on building long-term value, not scoring short-term marks
  • Boldness: We want to do things of consequence. Make a difference. Put a dent in the universe. Thinking big inspires results. We’d rather fail at something meaningful than succeed at something trivial
  • Bias for Action: Results lag prior efforts—we can’t hope or wait for results. Instead, we believe a good process leads to good outcomes and persistent progress leads to compounding
  • Economical: We strive to do more with less. We’ll always be limited in time, money, and energy, especially compared to our ambitions. We must use our limited resources on what matters and regard constraints as motivators
  • Transparency: Context and accurate information are the foundation of strong decision making. We share information openly, honestly, deliberately and broadly
  • Team Oriented: People at M1 may play different roles, but we’re all on the same team. Together, we can achieve more. We maintain a low ego, make everyone feel welcome, trust one another, and seek out and respect different perspectives
  • Challenged, But Not Overwhelmed: We are curious people who always want to grow. We support growth through high standards, clearly defined responsibilities, and broad autonomy, with help when needed
  • Effectiveness: We care about performance and results, not specific methods. Different problems may require creative brilliance or a simple idea; grinding hard work or casual effort; or disciplined process versus scrappy implementation. Effective people do what’s needed to get the right things done and deliver intended results
  • Integrity: We do the right thing. When we make mistakes, we own and correct them. We’d be proud if our actions are shared with our family, friends, and strangers. Everyone can count on us to act according to our values. This trust must never be broken

Leadership

Also Owner and Chairman of the Board at First National Bank of Buhl-Mountain Iron.